T-Mobile LTE 4:56 PM ezto.mheducation.com * 45% 5. 20 ent E2-16 Calculating Actu

Question

T-Mobile LTE 4:56 PM ezto.mheducation.com * 45% 5. 20 ent E2-16 Calculating Actual and Applied Manufacturing Overhead Costs and Over- or Underapplied Overhead Costs [LO 2-3, 2-4, 2-5, 2-6 Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $176,640 Estimated direct labor cost was $464,640 for 19,200 hours. Actual costs for the most recent month are summarized here: Required: 1. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. (Input the amount as positive value.)

Explanation / Answer

1) predetermined overhead rate estimated manufacturing overhead cost/estimated direct labor hours 176,640/19200 9.2 predetermined overhead rate 9.2 per DL Hr 2) Applied manufacturing overhead 17664 actual labor hrs * predetermined overhead rate 1,920*9.2 17664 3) Actual Manufacturing overhead cost 22,520 Indirect labor 2,440 indirect materials 3,380 Factory rent 3,300 Factory supervision 4,710 Factory depreciation 5,710 Factory janitorial work 1,270 Factory insurance 1,710 Actual manufacturing 22,520 (if I have copied any figure wrong make the changes, figures being little blurry) 4) overhead under applied 4,856 ( actual MOH cost - applied MOH

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.